Kalyan Jewellers on January 30 reported a net profit of Rs 218 crore in the December quarter of the current financial year. This marks an increase of 21 percent from the Rs 181 crore net profit reported in the corresponding quarter of the previous financial year.
The company announced its results for Q3 FY25 in an exchange filing on January 30. The company’s revenue from operations grew nearly 40 percent on-year to Rs 7,287 crore. It had reported revenue from operations at Rs 5,223 crore in Q3 of previous year.
Kalyan Jewellers noted that its EBITDA rose to Rs 377 crore in Q3 FY25, up 19 percent from Rs 316 crore in Q3 FY24. The jewellery company further said that it added 24 new showrooms across India during the quarter. Its total number showrooms at the end of the December stood at 253.
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Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, "We are extremely excited with the way the current year has progressed. The current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter."
Along with the Q3 results, the company also announced that Anish Kumar Saraf's appointment as an Additional Non-Executive Director for a term of three years has been approved by its board. It has also approved the reappointment of Vinod Rai as Chairman & Non-Executive Independent Director, along with few other reappointments.
The Q3 results were announced in the post market hours of January 30. The stock will be kept under watch when market reopens on January 31. During the day, the stock closed 2 percent lower at Rs 440.30 apiece.
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